Swiss Bank Secrets: UBS and U.S. Taxpayers

The Swiss bank UBS has struck a deal with the U.S. government. Washington has been fighting for the release of some 52,000 names of wealthy Americans suspected of evading taxes by hiding billions of dollars in secret bank accounts with UBS and other Swiss banks. To help us understand the details of the deal and the impact on clients of the bank, The Takeaway turns to Bill Sharp, a lawyer who represents a number of clients with Swiss bank accounts.